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Northern Trust chair defends Woodford loanBY ELIZABETH MCARTHUR, KANIKA SOOD | TUESDAY, 17 SEP 2019 12:08PM
Northern Trust chair and chief executive Michael O'Grady has defended the company giving an embattled Neil Woodford fund added flexibility on a £150 million loan.Read more: Northern Trust, Woodford Patient Capital Trust, WPCT, LIBOR, Neil Woodford, IHS Markit, Link Fund Solutions, Michael O'Grady, Woodford Equity Income Fund
AIA Australia's newly launched advice business has named a chief executive to lead its efforts, as the life insurer brings some Commonwealth Financial Planning advisers into the fold.
Yesterday's Standing Committee hearings on financial advice suggested the corporate regulator and industry superannuation funds are the only ones benefiting from increasing costs.
The superannuation startup geared at self-employed workers is looking to raise $1.5 million, as it sets it sights on 60,000 members in five years.
The Australian Financial Complaints Authority (AFCA) has made changes to its procedures to weed out complaints where the consumer didn't really suffer any financial harm.
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